Munetrix School Edition is Named Qualified Vendor

Are you still wrangling with transparency reporting requirements and need an analytic tool to help you better understand your district’s financial, building and academic achievement trends? You can relax because the state has named Munetrix a qualified vendor for reimbursement under Section 102d Financial Data Analysis Tools funding of the School Aid Budget. They even scored highest in the overall comparative analysis performed by the state’s review committee.

The Munetrix® – School Edition™ allows you to display your district’s financial position in a way that anyone can understand it – and perform powerful analytics and benchmarking behind the scenes. With nearly 1/3rd of Michigan’s public school districts using Munetrix now, ISD’s, K-12’s and PSA’s are taking advantage of the powerful simplicity it offers.

December 1, 2015 is the date by which districts need to have a subscription agreement in place with an approved vendor in order to qualify for reimbursement. As long as you have an agreement in place you do not have to do anything else. Munetrix will submit your district’s contract information to the state by December 15, 2015 and once the state tallies up districts’ participation and student counts, the reimbursement rate will be announced. We expect a minimum of $1 per student, which may go higher depending on the participation rate by public schools and PSAs. ISDs are not eligible for this funding. If your ISD purchased a license for you, the refund will flow to your district, and the ISD may or may not choose to seek reimbursement from you.

The investment for Munetrix is based upon your enrollment. Under the State negotiated contract, the formula is $998 + $.75/student for the Premium Edition. There is a more limited version available for $.25 less per student, but our recommendation is to take advantage of all the functionality of the Premium Edition. Existing Munetrix users are also encouraged to upgrade, to take advantage of the reimbursement provision and since the Premium Edition offers so much more power!

To obtain a no obligation quote, go to the Munetrix website at www.munetrix.com and "Request a Quote.” For your peace of mind, the subscription agreement and terms have been vetted by both the MSBO and the state of Michigan

MASB, MASA and MSBO Boards have all endorsed the use of The Munetrix® - School Edition™ for transparency reporting and data analysis purposes. The system has been greatly enhanced since it was launched in March of 2012. It has many new tools and features available for your use. They have also added several Early Warning tools to help districts, ISDs and the public better understand the district’s financial situation

Please Contact Munetrix as soon as possible to meet the deadline of December 1, 2015.